Tag: Courier/Express/Parcels

TNT and Cosco enter strategic partnership to jointly develop China and Asia Pacific logistics business

Posted by | Nov 14, 2005 | |

Cosco Group together with TNT unveil a strategic partnership, with the formation of a Joint Venture (JV). The announcement is made jointly by Captain Wei Jiafu, President of Cosco Group and Mr Peter Bakker, CEO of TNT. The partnership will enable Cosco to further penetrate into the Asia Pacific logistics market, and it will enable TNT to expand its presence in China as well as its China-linked logistics business. As a first step in this strategic partnership, both industry leaders today signed the Letter of Intent for the establishment of a logistics JV. The JV aims at becoming the world’s recognised leader in supply chain management in the Asia Pacific region. The combined strengths of both companies will create more comprehensive service offerings and geographical coverage to customers. The new 50/50 JV is expected to be operational in 2006.

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FedEx eyes China’s potential logistics market

Posted by | Nov 14, 2005 | |

FedEx Corp is training eager eye on China. Frederick W. Smith, founder, chairman, and CEO of FedEx, said on November 9 that the fast-growing Chinese market draws global attention at present, and the company had achieved great development in recent years thanks to the Asian market, especially China.
Therefore, FedEx aims to expand its business in the potential country. However, it has no intention to set up a wholly owned enterprises but joint ventures in the near future. The US based company plans to set up its Asia Pacific distribution center in the new Baiyun Airport of Guangzhou, and the construction work is expected to be finished by 2008.

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Business Post caught in parcels downturn

Posted by | Nov 14, 2005 | |

Parcels group Business Post sent its shares into tailspin today by delivering its second profits warning in three months. Investors reeled from the news that Business Post was no longer handling as many parcels a day as it was last year and its annual profits were now likely to fall 20% short of market hopes.
Volumes at its Express unit, which makes overnight deliveries between businesses, were up 8% at the start of the year but have worsened since then to be 3.5% below 2004 levels in September. This matters because 40% of the costs of operating its network of around 60 depots are fixed, reducing the freedom of Business Post to act when volumes fall.

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DHL to build distribution centre in Dutch Drachten

Posted by | Nov 14, 2005 | |

DHL will build a distribution centre in Drachten, northern Netherlands, the mayor of the municipality of Smallingerland, Pieter van der Zaag, said on November 11, 2005. For the purpose, DHL has bought a site of 40,000 sq m in the industrial zone Azeven Zuid near Drachten. The distribution centre will create jobs for 200 employees. The plan for the construction of the distribution centre was announced almost two years ago.

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DHL storms ahead with 79% operating profit jump

Posted by | Nov 14, 2005 | |

Deutsche Post’s logistics division DHL has shown strong performance in the first nine months of 2005, with a 15.6% increase in turnover to EUR5.7bn (USD6.6bn) and operating profits of EUR221m, up 79.7% year-on-year. ‘We have consistently and successfully continued our global strategy and after completing the acquisition of Exel we will be the leading logistics provider worldwide,’ chief executive Klaus Zumwinkel said. Of the logistics division’s turnover, DP’s freight business DHL Danzas Air ‘ Ocean contributed some EUR4.1bn, up 14.1%.

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